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Offshoring in a Ricardian World

By Andrés Rodríguez-Clare

American Economic Journal: Macroeconomics, April 2010

This paper proposes a Ricardian model to understand the short-run and long-run aggregate effects of increased fragmentation and offshoring on rich and poor countries. The short-run analysis shows that, when offshoring is sufficiently high, further incr...

How Costly Is Protectionism?

By Robert C. Feenstra

Journal of Economic Perspectives, Summer 1992

How costly is protectionism? This paper begins from a U.S. perspective, examining the costs to both the U.S. and other countries from U.S. protectionism. It emphasizes that substantial costs are imposed on foreign countries by U.S. protectionism. These co...

(Over)insuring Modest Risks

By Justin Sydnor

American Economic Journal: Applied Economics, October 2010

Despite the large literature on anomalies in risky choice, very little research has explored the relevance of these insights in real insurance markets. This paper uses new data on consumers' choices of deductibles for home insurance to provide evidence t...

The Impacts of Microfinance: Evidence from Joint-Liability Lending in Mongolia

By Orazio Attanasio, Britta Augsburg, Ralph De Haas, Emla Fitzsimons, and Heike Harmgart

American Economic Journal: Applied Economics, January 2015

We present evidence from a randomized field experiment in rural Mongolia to assess the poverty impacts of a joint-liability microcredit program targeted at women. We find a positive impact of access to group loans on female entrepreneurship and household ...

The New Keynesian Synthesis

[Symposium: Keynesian Economics Today]

By David Romer

Journal of Economic Perspectives, Winter 1993

The new Keynesians made more rapid progress in understanding the microeconomics of unemployment than in understanding the microeconomics of nominal price rigidity. But the past five years have seen important breakthroughs in this second area. This paper w...